Auto majors face dip in exports due to credit squeeze in Lanka, Nepal Maruti Suzuki, Renault, Nissan and Bajaj Auto are facing the effects of a credit squeeze by banks in the neighbouring markets of Sri Lanka and Nepal. Sri Lanka has imposed restrictions on the extent of bank funding for automobile purchases to control forex outgo. Earlier, banks in the island could fund up to 70 per cent of the value of an automobile but that has been lowered to 25 per cent of the value of three-wheelers and ... Rediff.com, 1 month ago
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